Greetings,
The United States: Job openings declined sharply in March, indicating that labor market imbalances are continuing to ease. Per Powell’s comments, this suggests that the Fed’s tight monetary policy is reducing demand
![](https://thedailyshot.com/wp-content/uploads/US-JOLT-Sector-Level-BBG2405020545.png)
![](https://thedailyshot.com/wp-content/uploads/US-JOLT-ST2405020545.png)
Canada: The TSX materials sector has significantly outperformed its US peers over the past two months driven by the rally in gold and silver prices.
![](https://thedailyshot.com/wp-content/uploads/CA-TSX2405020545.png)
Cryptocurrency: Was the SEC right about potential liquidity issues with crypto ETFs? IBIT has been trading at a substantial discount to NAV.
![](https://thedailyshot.com/wp-content/uploads/BT-Ishares-ETF-discount2405020545.png)
Equities: Treasury yields matter again for the Magnificent 7 stocks.
![](https://thedailyshot.com/wp-content/uploads/EQ-Rates-matter-again2405020545.png)
Commodities: Cocoa futures tumbled another 11% on Wednesday.
![](https://thedailyshot.com/wp-content/uploads/CO-Cocoa2405020545.png)
![](https://thedailyshot.com/wp-content/uploads/CO-Cocoa-ST2405020545.png)
Rates: Much of the pressure on Treasuries has occurred during overnight trading sessions.
![](https://thedailyshot.com/wp-content/uploads/RA-10y-overninght-v-day2405020545.png)
Food for Thought: Financial sector cyberattacks:
![](https://thedailyshot.com/wp-content/uploads/VTB-Financial-sector-cyberattacks2405020545.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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